Feds Decide not to Cooperate with Province Pension Plan

The federal government has decided not to co-operate with Ontario in creating its own pension plan.

Finance Minister Joe Oliver has told provincial Finance Minister Charles Sousa that the Progressive Conservatives will not assist Ontario’s government with implementation and legislative changes to allow the ORPP to be treated the same as the Canada Pension Plan for tax purposes or to accommodate the ORPP with the RRSP contribution limits.

The Ontario Liberals passed legislation last April to build up the provincial pension plan, which would adequately mirror the CPP for roughly three million workers.